Canadian pension buys port company stake from Oaktree

The Canada Pension Plan Investment Board in Toronto has agreed to become the 100% owner of Ports America from Oaktree Capital Management.

North America’s largest marine terminal operator, Ports America, has been a holding in CPP’s portfolio since 2014. As many eyes are on U.S. ports as supply chain concerns swirl going into the holiday shopping season, CPP said it will continue to support the business with long-term capital and continuity of ownership.

Ports America has diversified operations across the country and is deepening its focus on providing safe, secure and . . .

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